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Hopefully to increase this list to top 30 then top 50 Richest Man in South Africa. Being the richest black family in South Africa and the fourth richest man in the country, the family is known for accumulating her wealth in the mining business. Meanwhile, he is believed to have taken the company to lofty heights, making it the second-biggest domestic good retailer in Europe. Its vibrant media operations span across 130 countries and this makes it the media firm with the biggest market funds outside China and the US. Considered an impressive young man, Mike Eilertsen was able to present a database on the leading businessmen in South Africa. His net worth is R5.8 billion. Raymond Ackerman is an 89-year-old (March 10, 1931) South African who has been on the business scene for years. With the current net worth of $742 million, he is considered one of the most fortunate business tycoons in the history of South Africa. During his tenure as CEO, which began in 1997, Bekker oversaw a rise in market capitalisation of Naspers from USD600 million to USD 45 billion, while drawing no salary, bonus or benefits. Former Minister of Human Settlements, Tokyo Sexwale is a well know public figure in South Africa with extensive experience in both the public and private sectors. The bank is active on the Johannesburg capital market stock exchange. PSG has interests in financial services, banking, private equity, agriculture and education, according to Forbes. Having been dismissed from his role as managing partner in 1995, Jannie Mouton went ahead to set up PSG Group. GT Ferreira is a 72-year-old (April 6, 1948) South African business mogul who graduated from the University of Stellenbosch. She is the sister to South Africa’s richest black entrepreneur Patrice Motsepe and to the first lady of South Africa Tshepo Motsepe Ramaphosa. This site uses Akismet to reduce spam. Johann Rupert is a 69-year-old (June 1, 1950) business mogul considered the second richest man in South Africa. In 2010, Raymond Ackerman resigned from his position as the chairman of Pick ‘n’ Pay. Koos Bekker. Nicky Oppenheimer. 14. Interesting list of the richest people in South Africa and their net worth. Currently, he serves as the Chief Executive Officer of Steinhoff International –the organization he has been working with since 1988. South Africa’s 5 richest people According to Forbes’ annual ranking of dollar billionaires, diamond magnate Nicky Oppenheimer is the richest man in the country with a net worth of $7.3 billion. Based on estimates, Markus Jooste’s net worth hovers around $400 million. He sold this company to American software giant VeriSign for USD575 million in 1999, when he was 26. Top 10 Most Civilized Countries in Africa. According to Forbes, as Deputy CEO, Attridge owns a 4% stake in the publicly traded firm. Dangote Group founder Aliko Dangote has topped the 2018 list. The businessman co-founded the company with current South Africa’s 9th richest man, Stephen Saad, and the pair have been able to grow the company into one of the top five biggest drug-producing companies in the world. You have entered an incorrect email address! Who are the top 20 richest men in South Africa? Meanwhile, Capitec Bank carries out its operations through numerous subsidiaries –about 668 subsidiaries. (adsbygoogle = window.adsbygoogle || []).push({}); Your email address will not be published. According to Forbes, Saad became a millionaire at 29 when he sold his shares in the drug business, Coven Zurich, for USD3 million. In 1973, Jannie Mouton received the credentials which qualified him as a chartered accountant. Sitting in the topmost position is Nicky Oppenheimer –a diamond magnate who is declared the second richest person in Africa. His net worth is R4.7 billion. Desmond Sacco began his business journey after he was welcomed to Assore Group in 1968. Save my name, email, and website in this browser for the next time I comment. With his net worth estimated at $1.1 billion, Desmond Sacco is believed to have built his business reputation through Assore Group. Wendy Appelbaum is one of the wealthiest South Africans. In 1992, his retail company Italtile and manufacturer Ceramic Industries were listed on the Johannesburg Stock Exchange. His net worth is currently valued at $1.2 billion. Labeled as one of the wealthiest South Africans, Koos Bekker’s net worth is currently estimated at $2.2 billion. In 2007, Mike Eilertsen took to the media scene and set up LIVE OUT LOUD. Currently, Jannie Mouton is a widower with two children and as regards his net worth, he boasts of $1.06 billion. His net worth is R4.7 billion. Jannie Mouton is a 74-year-old (1946) South African businessman who graduated from Stellenbosch University, SA. In 2014, Steinhoff International agreed to purchase Pepkor Holdings for USD5.7 billion, adding clothing to the furniture retailer’s inventory. Here’s the complete list of the richest men in South Africa. 11. Although GT Ferreira works as a banker, he is best known for his vibrant roles in the business sphere where he serves as the Chairman of RMI Holdings. Aspen markets generic medicines in 10 countries. As a reputable South African in the mining industry, Patrice Motsepe is the executive chairman and originator of African Rainbow Minerals –a mining company concerned with platinum, base metals, gold, and ferrous metals. He was compensated for his work with stock option grants that vested over time. South Africa has one of the best economies in Africa and is a leader in many sectors. He is engaged in a number of activities making him a trade union leader, activist, businessman as well as politician. After several years, along with mergers and acquisitions, FirstRand was formed in the 1990s. Besides the positions aforementioned, Cyril Ramaphosa serves as the chairman of South Africa’s National Planning Commission. Sandile Shezi- Being laughed for selling muffins at school never pulled him down. Nicky Oppenheimer is a 74-year-old (June 8, 1945) tycoon and the richest... 2. Top 20 Richest Men In South Africa And Their Net Worth 2020 1. He owns 25% of Reinet, an investment holding company based in Luxembourg that has a stake in British American Tobacco. In 1966, at 35, Raymond Ackerman was fired from his position as a Managing Director at Checkers. By Janice Kew. Country: South Africa. In terms of GDP, South Africa is Africa’s second richest country after Nigeria. At the moment, his net worth is valued at $450 million. He is revered as an astute executive who transformed newspaper publisher Naspers into a digital media powerhouse, says Forbes. His personal fortune of $7.4 billion / … Impressively, Lauritz Dippenaar is one of the influential South Africans who donates some part of their wealth to philanthropic causes. He relocated from Italy to the South African city of Johannesburg and established Italtile –a South African company concerned with ceramics. At the age of 22, Mark Shuttleworth founded Thawte, a digital certificate and Internet security company. HBD has made a series of successful exits including Fundamo, a mobile financial services company which was acquired by Visa for USD110 million in 2011; and csense, which was acquired by GE Intelligent Platforms. #2) Johann Rupert Rupert is one of the richest men in Africa. He began importing and retailing them through a company he founded, Italtile. Meanwhile, the database was composed of 100,000 contact details. Founder and chairman of African Rainbow Minerals, Patrice Motsepe, also launched a new private equity firm focused on investing in Africa, Africa Rainbow Capital. Wiki SA is South Africa's authoritative top quality information website that provides resourceful information about her culture, people and things associated with South Africans. South Africa’s richest female black entrepreneur, Bridgette Radebe is a mining magnate. In August 2016, Wiese’s furniture and home goods retailer Steinhoff entered the U.S. market, and bought Mattress Firm Holding Corp., for USD 2.4 billion, according to Forbes. Over and above that, he has remained South Africa’s deputy president since 2014. As of March 2020, the richest man in South Africa is Johann Rupert. Under his management, Pick n Pay grew into 794 stores around Southern Africa, Mauritius and Australia. Also Read: Top 10 Richest countries in Africa 2020 . Christo Wiese, who was once South Africa’s richest man, has swapped his office in an industrial area of Cape Town for a view of the Atlantic Ocean. Ivan Glasenberg is a 63-year-old (January 1957) business mogul who was born in the SA city of Johannesburg. His net worth is R5.7 billion. Desmond Sacco is one of the leading business tycoons in South Africa. Sacco, chairman and managing director of Assore Group, experienced a halving of his net worth in 2013 because of the drop of price in iron ore, according to Forbes. South Africa’s top entrepreneurs have continued to reap the benefits of having built successful businesses that are currently worth billions of naira. Sharon Wapnick’s father Alec Wapnick, founded Octodec Investments and Premium Properties, two property... Bridgette Radebe. Since 2012, his fortune has grown but he has relinquished the title of richest man in South Africa. He became the first black partner at law firm Bowman Gilfillan in Johannesburg. When RCI merged with Rand Merchant Bank, he became CEO in 1992, and again in 1998 after it merged with First National Bank to become FirstRand. His net worth is R95.2 billion. Apparently, she is South Africa’s richest woman with a substantial net worth of R4.7 billion. Michiel le Roux accumulates wealth through his Capitec Bank –an operative financial institution with more than 10,000 workers and 6.2 million customers. Currently, Christoffel Wiese is the Executive Director of Shoprite –Africa’s biggest supermarket store and retail outlet. Born in the South African city of Johannesburg, Desmond Sacco is best known for his administrative roles as the MD and Chairman of Assore Limited –a SA company established by his father. Richest Women in South Africa 1. 5. His journey to wealth started when he co-founded Rand Consolidated Investing with GT Ferreira and Paul Harris in 1977. Stephen Saad is a 55-year-old (June 23, 1964) businessman born in the SA city of Durban. Find out the top 20 richest men in South Africa this year. Both of his sons sit on PSG Group’s board, and his son Piet Mouton is now CEO. Besides, she served as Deputy Chairperson in companies including Connection Group Holdings Limited and Wiphold Limited. He graduated from the University of South Africa with a B Sc. His net worth is R6.9 billion. He graduated from the duo of US-based Boston University and the University of South Africa. 5. In the past, Mrs. Wendy Appelbaum served as the non-executive director of several companies. He graduated mainly from the University of Witwatersrand and the University of Swaziland. The 16 South Africans ranked by Forbes have a combined net worth of $28.45 billion (R402.7 billion), led by Nicky Oppenheimer, with $6.66 … Besides being a SA citizen, Ivan Glasenberg maintains a citizenship status in several other countries such as Switzerland and Australia. Currently, Johann Rupert is the chairman of Richemont –a prestigious company located in Switzerland and specializing in luxury items. Luxury … On Monday, the South African billionaire and Africa’s tenth-richest man, with an estimated wealth of $2.5 billion, announced his intention to run for the presidency of … His net worth is R65.28 billion. Here’s the complete list of the richest men in South Africa. Wendy Appelbaum. Spread the love List Of Top Richest People In South Africa By Net Value. He graduated from the University of Pretoria, SA. As it stands, Adrian Gore’s net worth is declared to be $480 million. His net worth is R24.48 billion. In that year, he collaborated with Stephen Saad in the establishment of Aspen Pharmacare –the company where he currently serves as the deputy CEO. He founded HBD Capital, an emerging markets investment fund. Lot of Internet Users are always interested in knowing the richest people in a particular country, Especially when the country is popular. He also founded asset manager, Orbis Investment Management, which manages USD30 billion in assets. Patrice Motsepe was estimated to be worth $2.6 billion as of February 2020, and was ranked as the youngest billionaire in South Africa and the tenth richest in Africa on the Forbes Rich List for 2020. Stephen Saad, who graduated from the University of Natal, serves as the CEO and originator of Aspen Pharmacare –Africa’s biggest manufacturer of generic medicines. Oppenheimer inherited his wealth from his family, where he sold his 40% stake in diamond firm DeBeers to mining group Anglo American for $5.1 billion in cash in 2012. He … Besides, Raymond Ackerman’s personality commands great fame as a result of the philanthropic contributions he has made. Required fields are marked *. Being the eldest son of Anton Rupert –one of South Africa’s renowned business magnate –some portion of Johann Rupert’s riches can be attributed to his wealthy background. Koos Bekker, who graduated from University of the Witwatersrand and Stellenbosch University, is currently the chairman of Naspers. As it stands, Gus Attridge’s presence on the business scene gives him the net worth of $410 million. Among these companies are Liberty Investors Limited, Sphere Holdings Pty Ltd, and Connection Group Holdings Limited. He co-founded one of the largest financial services groups in South Africa. In 1977, alongside his partners Paul Harries and Laurie Dippenaar, Ferreira started Rand Consolidated Investing, says Forbes. Motsepe also has a 37% stake in the Blue Bulls Co., South Africa’s best performing rugby team. He is the chairman and founder of Capitec Bank. His net worth is R24.48 billion. Discovery Limited has appeared on the Johannesburg Stock Exchange and since its establishment, it has grown into a financial company with global and diversified services. Gore is founder and CEO of Discovery Holdings, which provides health insurance for more than 200 000 companies and close to two million people. His net worth is R7.2 billion. The prosperity of SA is driven by its considerable economic development and this makes it one of the destinations some foreigners prefer to run their investments on the African continent. At the moment, Johann Rupert is said to be worth $4.6 billion. He is best known for his business reputation as the chairman and originator of PSG Group. Michael L Roux is among the richest men in South Africa who has accrued his wealth by investing in Capitec bank, where he is a board member. The Nigerian tycoon is the chairman and founder of the Dangote Group, the parent company of the largest cement producer in Africa - Dangote Cement. She has been appointed to a number of authoritative roles. An immigrant to Johannesburg from Italy, he saw a gap in the market in 1969 for affordable tiles and ceramic products in an increasingly urban South Africa. Significantly, Glencore is one of the biggest global companies concerned with mining and commodity trading. Africa’s richest man. Today, his bank has expanded to 668 branches, 6.2 million clients and over 10 000 employees. Koos Bekker is another South African in the top 10 list of the richest man in Africa. Among his philanthropic contributions is the scholarship scheme he organizes. Dippenaar is a qualified chartered accountant who built a financial services empire over the last few decades. Johann Rupert is … Raymond Ackerman is an SA resident with three children namely Kathryn Ackerman, Gareth Ackerman, and Suzanne Ackerman-Berman. As CEO of Steinhoff International, Markus Jooste has transformed the South African manufacturer into ‘Africa’s Ikea’ and the second-largest household goods retailer in Europe, says Forbes. Ten years later, with the first hints that there would be trade sanctions against South Africa, he pivoted his business and began manufacturing ceramic tiles domestically. Force trading is the reason why he is on this list of the top 10 richest young people of South Africa today. Top 20 Richest Men in South Africa & Net Worth (2020), Top 10 Best Radio Stations in South Africa, Top 10 Richest Women in the World (2020 Forbes), 10 Guinness World Records You Didn't Know Were Held By South Africans. Markus Jooste is greatly acclaimed for his immense contributions to the development of Steinhoff International. Meanwhile, Ravazzotti set up this company in South Africa because he observed that the country was in need of substantial ceramic products. Cyril Ramaphosa is a 67-year-old (November 17, 1952) South African. Sacco’s father, Guido, founded the firm in 1928 and passed the reins to his son when he retired in 1992. The following Forbes list of South African billionaires is based on an annual assessment of wealth and assets compiled and published by Forbes magazine in 2020. His net worth is R5.6 billion. Top 20 Richest People In South Africa 1. He co-founded pharmaceutical maker Aspen Pharmacare with Stephen Saad in 1997. The best part of Michiel le Roux’s wealth comes from Capitec Bank and currently, his net worth is estimated at $1.3 billion. Le Roux founded Capitec Bank and still serves as the bank’s chairman. He has remained an active business partner since 1997. His net worth is R16.32 billion. He holds the largest private stake in Glencore (8.4%), the world’s biggest commodity trader. His net worth is R6.7 billion. 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Johann Rupert – Net Worth: $4.6 Billion. Net Worth: $2.5 Billion Save my name, email, and website in this browser for the next time I comment. Johann Rupert. He is a self-made millionaire. He is well known for having acquired the Pick ‘n’ Pay supermarket chain from Mr. Jack Goldin who established it. The business now has operations across South Africa and India. Besides Shoprite, Christoffel Wiese maintains an authoritative role as the chairman of Invicta Holdings Limited. Aspen Pharmacare is the world’s fifth-largest generic drug maker, with an expanded global footprint, and a slew of acquisitions in 2013. 26 Of The Richest People in South Africa Elisabeth Bradley. Apart from that, he previously served as the Deputy Chairman of the Anglo American Corporation and as it stands, his net worth is valued at $7.5 billion. As part of his business involvement, Lauritz Dippenaar happens to be the chairman of a financial group known as FirstRand. The country has a desirable lineup of rich people {Billionaires} who are majorly found in the business sector. Patrice Motsepe claims a reputable feat of not only as one of the richest men in Africa, but also the first and only South African billionaire of black descent. Rupert is the chairman of Swiss luxury goods firm Compagnie Financiere Richemont. Naturally, the country is also home to a number of enterprising individuals who have used their skills and knowledge to amass immense wealth. According to Knight Frank, SA had 40,400 dollar millionaires in 2016, with as many as 18,200 living in Joburg, and as many as 320 individuals with wealth exceeds $30 … Nicky Oppenheimer is a 74-year-old (June 8, 1945) tycoon and the richest man in South Africa. He was the heir to his family’s fortune and he sold his 40% stake in diamond firm DeBeers to mining group Anglo American for $5.1 billion in cash some years ago. South Africa’s top entrepreneurs have continued to reap the benefits of having built successful businesses that are currently worth billions of naira. In 2012, he sold his 40% stake in DeBeers to Anglo American for USD5.1 billion in cash. 4. Nicky Oppenheimer is the richest man in South Africa and the joint third richest man in Africa with a net worth of $7.7 billion. Also in previous times (from 1985 to 1988), GT Ferreira took official roles as the Managing Director of RMB Holdings. Currently, his net worth is valued at $2.8 billion. Christoffel Wiese is a 78-year-old (September 10, 1941) South African businessman who has managed to garner enormous wealth through consumer retail services. He was also number 12 among the richest South African the same year. Aliko Dangote is the richest man in Africa and he has maintained the number one position for almost a decade. To double up his business authority, Ivan Glasenberg serves as a board member of two mining companies namely Minara Resources Limited and Xstrata Plc. In 2008, Wesco... Sharon Wapnick. Across the world, Discovery Limited has almost 8,000 workers. Michiel le Roux is a 71-year-old (May 20, 1949) businessman regarded as one of the richest men in South Africa. Koos Bekker is a 67-year-old (December 14, 1952) South African business magnate born in Potchefstroom –SA. He is the richest black South African and the first black man to emerge into the category of billionaires in South Africa. SA-born Elon Musk becomes world’s second-richest man, as Tesla overtakes Microsoft 25th November 2020 25th November 2020 by Editor Elon Musk, who was born in South Africa and grew up in the country before moving across the Atlantic to find his fortune, has overtaken Microsoft founder Bill Gates to become the world’s second-richest person. Who are the top 20 richest men in South Africa? He got his professional start with the legendary oil trader Marc Rich, working as a marketer. Mouton is the founder and chairman of PSG Group, a listed investment holding firm. His other investments include 15% of Shoprite Holdings, which has supermarkets, furniture stores and fast food outlets in 15 countries across Africa and the Indian Ocean Islands, as well as stakes in private equity firm Brait, industrial products company Invicta Holdings and mining-sector investor Pallinghurst, says Forbes. He is renowned as a diamond magnate. Aliko Dangote, Africa’s richest man, meanwhile, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of … His net worth is R95.2 billion. By the time, management bought it out and re-branded it as Glencore in 1994, Glasenberg had risen to the post of worldwide director. Discovery was listed on the Johannesburg Stock Exchange, and also has operations in the UK and the USA. Regarded as one of the richest men in South Africa, Lauritz Dippenaar’s net worth is valued at $650 million. In conjunction with Lauritz Dippenaar and Paul Harris, GT Ferreira established Rand Consolidated Investing – the company which preceded FirstRand. It’s the largest privately-owned asset manager in South Africa, overseeing USD35 billion in assets.

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